RACQUET CLUB OF ANN ARBOR (EIN 381791440) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

CHRIS SCHULTE

Phone

7349715441

Tax Period

2024-11-01 to 2025-10-31

RACQUET CLUB OF ANN ARBOR, founded in 1964, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 7% surplus.

Mission

TO PROMOTE AND ENCOURAGE INTERESTS IN TENNIS AND SWIMMING, AND PROMOTE TENNIS COURTS, A SWIMMING POOL, AND CLUB FACILITIES FOR MEMBERS, THEIR FAMILIES AND GUESTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,833,221

Investment Income $4,839

Other Revenue $85,532

TOTAL REVENUE $1,923,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $841,452

Fundraising Expenses $0

Other Expenses $943,988

TOTAL EXPENSES $1,785,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,923,592	$1,624,972	+0.2%
Expenses	$1,785,440	$1,713,546	+0.0%
Net Income	$138,152	$-88,574	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$132,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOCELYN GREENE	PRESIDENT	2.00	Officer Director	$0	$0	$0
ED HEBERLEIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS SCHULTE	TREASURER	2.00	Officer Director	$0	$0	$0
SERG MOORIDIAN	SECRETARY	2.00	Officer Director	$0	$0	$0
PAT JOHNSTON	DIRECTOR	2.00	Director	$0	$0	$0
ED HEBERLEIN	DIRECTOR	2.00	Director	$0	$0	$0
CAROL CLYDE	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
ERIC BROWN	DIRECTOR	2.00	Director	$0	$0	$0
ABBY WOOD	DIRECTOR	2.00	Director	$0	$0	$0
BRITTANY TOBIAS	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK FORD	DIRECTOR	2.00	Director	$0	$0	$0
BRENT SCHOMAKER	GENERAL MANAGER	40.00	Officer	$132,712	$0	$132,712

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,923,592	$1,785,440	$5,758,444	$138,152
2024	$1,624,972	$1,713,546	$6,000,922	$-88,574
2023	$2,739,178	$1,652,850	$6,434,301	$1,086,328
2022	$1,488,832	$1,527,369	$4,526,923	$-38,537
2021	$1,403,921	$1,329,062	$4,716,912	$74,859
2020	$1,283,922	$1,212,191	$4,735,128	$71,731
2019	$1,222,474	$1,250,145	$4,755,485	$-27,671
2018	$1,236,691	$1,261,945	$5,096,583	$-25,254

RACQUET CLUB OF ANN ARBOR